salvage, n. & v.
--n.
1 the rescue of a ship, its cargo, or other property, from loss at sea, destruction by fire, etc.
2 the property etc. saved in this way.
3 a the saving and utilization of waste paper, scrap material, etc. b the materials salvaged.
4 payment made or due to a person who has saved a ship or its cargo.
--v.tr.
1 save from a wreck, fire, etc.
2 retrieve or preserve (something favourable) in adverse circumstances (tried to salvage some dignity).